Overview
- Chancellor Rachel Reeves announced a £100 billion infrastructure investment boost in October 2024, but analyses show much of it will be absorbed by maintaining existing budgets.
- The Resolution Foundation estimates that only £20–50 billion will be available for new capital projects over five years, requiring difficult trade-offs.
- Health and housing are recommended as top priorities, with the NHS facing a £14 billion maintenance backlog and schools needing £11 billion in repairs.
- Secondary priorities include prisons and regional transport, with a focus on addressing acute infrastructure needs in major cities to support economic growth.
- The June 2025 spending review will determine allocations, as the government seeks to balance modernisation goals with constrained resources.